Microchip (NASDAQ: MCHP) CFO uses 1,296 shares for taxes on awards
Rhea-AI Filing Summary
MICROCHIP TECHNOLOGY INC (MCHP) reported that Senior Corporate VP and CFO James Eric Bjornholt exercised previously granted restricted stock units and performance stock units into common stock on August 15, 2026. A portion of the resulting common shares held indirectly in a trust was delivered or withheld to cover the exercise price or tax liability, with no open‑market purchases or sales reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,725 shares
Net Buy
12 txns
Insider
Bjornholt James Eric
Role
SENIOR CORPORATE VP AND CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 776 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2 | 1,355 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 252 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3 | 638 | $0.00 | $0.00 |
| Exercise | Common Stock | 776 | $80.26 | $62K |
| Exercise Price or Tax Liability | Common Stock | 333 | $80.26 | $27K |
| Exercise | Common Stock | 1,355 | $80.26 | $109K |
| Exercise Price or Tax Liability | Common Stock | 581 | $80.26 | $47K |
| Exercise | Common Stock | 252 | $80.26 | $20K |
| Exercise Price or Tax Liability | Common Stock | 108 | $80.26 | $9K |
| Exercise | Common Stock | 638 | $80.26 | $51K |
| Exercise Price or Tax Liability | Common Stock | 274 | $80.26 | $22K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Performance Stock Units — 0 shares (Direct);
Common Stock — 32,685 shares (Indirect, Shares held Indirectly, by Trust.)
Footnotes (3)
- F1. The restricted stock units vested in three quarterly installments of 1,556 shares beginning November 15, 2023, one quarterly installment of 1,554 shares on August 15, 2024, and eight quarterly installments of 776 shares beginning on November 15, 2024. Vested shares were delivered to the reporting person upon vest.
- F2. Each Performance Stock Unit (PSU) granted under the Microchip Technology Incorporated (Microchip) 2004 Equity Incentive Plan represents a contingent right to receive shares of Microchip common stock based on Microchip's cumulative non-GAAP operating margin over a period of 12 quarters ending March 31, 2024. The target number of PSU shares that may be earned is reported in the table above and is based on Microchip achieving a cumulative non-GAAP operating margin of 40.0% over the 12 quarter measurement period. The actual number of shares that may be earned can be higher or lower than the target depending on Microchip's non-GAAP operating margin over the measurement period. Earned PSUs vested ratably over eight quarters beginning on November 15, 2024 as long as the reporting person remains a service provider through the vesting date. Vested shares were delivered to the reporting person upon vest.
- F3. The restricted stock units vested in full on August 15, 2026. Vested shares were delivered to the reporting person upon vest.
Key Figures
Derivative shares exercised: 3,021 shares
Shares for exercise price or tax liability: 1,296 shares
Reference share price: $80.2600 per share
+4 more
7 metrics
Derivative shares exercised
3,021 shares
Total derivative exercise shares (M transactions) reported in transactionSummary
Shares for exercise price or tax liability
1,296 shares
Total F-code shares delivered or withheld for exercise price or tax liability
Reference share price
$80.2600 per share
Conversion or exercise price for RSUs and PSUs and price on related common stock entries
RSUs exercised (example block)
776 shares
Restricted Stock Units converted into common stock linked to footnote F1
PSUs exercised (example block)
1,355 shares
Performance Stock Units converted into common stock linked to footnote F2
Non-GAAP operating margin target
40.0%
Cumulative non-GAAP operating margin target over 12 quarters for PSU vesting
Transaction date
August 15, 2026
Date of all reported derivative and common stock transactions
Key Terms
Restricted Stock Units, Performance Stock Units, non-GAAP operating margin, exercise price or tax liability
4 terms
Restricted Stock Units financial
"The restricted stock units vested in three quarterly installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"Each Performance Stock Unit (PSU) granted under the Microchip Technology"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
non-GAAP operating margin financial
"based on Microchip's cumulative non-GAAP operating margin over a period"
Non-GAAP operating margin is a way companies show how much profit they make from their main business activities, excluding certain expenses or income they consider unusual or non-recurring. It helps investors see how well the company is performing in its normal operations, without the effects of one-time costs or gains that might distort the picture.
exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding"
FAQ
What did MCHP CFO James Eric Bjornholt report in this Form 4?
James Eric Bjornholt reported exercising restricted stock units and performance stock units into Microchip common stock on August 15, 2026. Some of the resulting shares were delivered or withheld to cover exercise price or tax liabilities, with no open‑market buys or sells disclosed.
What performance conditions applied to the MCHP performance stock units?
Each performance stock unit reflected a right to Microchip common stock based on cumulative non-GAAP operating margin over 12 quarters ending March 31, 2024. The target level assumed a 40.0% cumulative non-GAAP operating margin, with actual shares earned adjusted higher or lower around that target.
AI-generated analysis. How Rhea-AI works. Not financial advice.
